Author: lbostgadmin
’s economic growth
October 19, 2006 (LBO) – Sri Lanka’s economy is expanding at a blistering pace led by the telecommunications sector, but an escalation in violence could erase some of the gains, the Asian Development Bank said. Less red tape, more deregulation would boost South Asia growth: ADBMANILA, Oct 19, 2006 (AFP) – South Asia has the […]
Security stepped up after bombing of Sri Lankan port
GALLE, Sri Lanka, Oct 19, 2006 (AFP) – Police and troops stepped up security in Sri Lanka’s port city of Galle Thursday, one day after a bold suicide attack that killed at least two people, a police official said. Additional troop reinforcements were poured into the area while military patrols were also stepped up, even […]
GrameenPhone
DHAKA, Oct 19, 2006 (AFP) – Bangladesh’s top mobile phone company, GrameenPhone, is mulling whether to list itself on the stock market, a report said Thursday.GrameenPhone (GP), majority owned by Norwegian telecom company Telenor, is Bangladesh’s biggest mobile phone company with over 9.5 million subscribers. “We are in the process of analysing the option of […]
Tourism campaign in India boosts Indian visits to the island
Oct 19, 2006 (LBO) – Sri Lanka has seen a 22 percent jump in Indian visitors during a six months promotional campaign across top metro cities India, a local industry group said Thursday. The Sri Lanka – Small Island, Big Trip campaign ran from March to August this year across Mumbai, New Delhi, Chennai, Bangalore […]
Speedy transfers
October 19, 2006 (LBO) – Sri Lanka’s People’s Bank, has tied up with global money transfer giant Western Union, to enable their customers to remit funds to their families here. “This is a 240-250 billion dollar market and we have around 16 percent of market share in this field,” Kapur said. Over a million Sri […]
Sri Lanka rupee gains despite negatives
October 19, 2006 (LBO) – The Sri Lankan rupee closed stronger at 105.70 against the U.S. dollar Thursday, gaining more than a rupee and shaking off losses made earlier in the week, dealers said. Dealers believe extra dollars flowed through a portfolio investment, and state banks which are usually on the buying side also stayed […]
Sri Lanka raises US$ 340 mn in foreign investments: BOI
October 18, 2006 (LBO) – Sri Lanka has managed to attract just over 340 million dollars in foreign investments for the eight months to July, the Board of Investment said Wednesday on account of telecom and clothing related projects. Over 60 percent of the investments have so far come from telecommunications, software developments and business […]
Malaysia leads investment flows into Sri Lanka for second year, Asia in investment boom
Oct 18 (LBO) – Malaysia will lead foreign investment into Sri Lanka for the second year running led by telecoms and infrastructure, as developing countries emerge as top investors in the region. The third world has emerged as significant global investors, the United Nations Conference of Trade and Development, said in its latest investment report, […]
Sri Lanka slaps curfew on port town after suicide attack
COLOMBO, Oct 18, 2006 (AFP) – Authorities imposed an indefinite curfew on Sri Lanka’s port town of Galle Wednesday after Tiger rebels launched a suicide bombing against a key naval base there, Media Minister Anura Yapa told AFP. Police were ordering people off the streets and traffic was being diverted, the minister said, adding that […]
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Oct 18, 2006 (AFP) – A seaborne attack by suspected Tamil Tiger rebels on the Sri Lankan port town of Galle on Wednesday has highlighted the guerrillas’ lethal “Sea Tiger” arm, whose suicide wing claims to have inspired Al-Qaeda.Suspected rebel suicide bombers using at least five boats infiltrated Galle’s harbour and attacked a key naval […]
Police open fire to quell rioting after Sri Lanka port attack
Oct 18, 2006 (AFP) – Police opened fire and wounded three people Wednesday in a bid to quell rioting in the southern Sri Lankan town of Galle after Tiger rebels staged a suicide bombing against the naval port there, officials said.Mobs tried to attack shops owned by minority Tamil businessmen at Kittangi, a suburb of […]
Two killed in major suicide attack on Sri Lanka port
Oct 18, 2006 (AFP) – Tamil Tiger rebels disguised as fishermen staged a suicide attack against Sri Lanka’s southern port of Galle Wednesday, killing at least two sailors and destroying three gunboats, officials said.The attack in Galle — an historic city and popular tourist destination — came as foreign envoys pushed for the Sri Lankan […]